Annaly Capital Management (NLY) NewsBite - NLY Falls on Public Offering
Posted: Tuesday, February 09, 2010 10:35 AM EDT
By: Market Intelligence Center Staff
Annaly Capital Management (NYSE: NLY) opened at $17.27. So far today, the stock has hit a low of $17.25 and a high of $17.54. NLY is now trading at $17.42, down $0.46 (-2.57%). Over the last 52 weeks the stock has ranged from a low of $12.07 to a high of $19.74. NLY announced this morning that it priced an offering of $500 million in 4% convertible senior notes due 2015. Technical indicators for the stock are neutral and S&P gives NLY a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for NLY. [ABR-Seven Summits Strategic Investments NewsBite]
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